Bruce G. Allen Investments LLC lifted its position in shares of Capital Group Dividend Value ETF (NYSEARCA:CGDV – Free Report) by 12.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,957 shares of the company’s stock after acquiring an additional 869 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Capital Group Dividend Value ETF were worth $281,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CGDV. LPL Financial LLC increased its stake in Capital Group Dividend Value ETF by 26.8% during the third quarter. LPL Financial LLC now owns 16,169,046 shares of the company’s stock worth $589,200,000 after acquiring an additional 3,415,106 shares during the last quarter. Advance Capital Management Inc. increased its position in shares of Capital Group Dividend Value ETF by 18.5% during the 3rd quarter. Advance Capital Management Inc. now owns 10,786,079 shares of the company’s stock worth $393,045,000 after purchasing an additional 1,686,328 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group Dividend Value ETF by 18.9% in the third quarter. Commonwealth Equity Services LLC now owns 7,056,545 shares of the company’s stock valued at $257,140,000 after buying an additional 1,121,465 shares during the last quarter. Raymond James & Associates boosted its stake in Capital Group Dividend Value ETF by 19.9% during the third quarter. Raymond James & Associates now owns 6,654,717 shares of the company’s stock worth $242,498,000 after buying an additional 1,104,402 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Capital Group Dividend Value ETF by 15.0% during the second quarter. Envestnet Asset Management Inc. now owns 8,007,181 shares of the company’s stock valued at $264,237,000 after acquiring an additional 1,042,548 shares during the last quarter.
Capital Group Dividend Value ETF Price Performance
Shares of CGDV stock traded down $0.56 during trading hours on Friday, hitting $34.94. The company had a trading volume of 2,721,918 shares, compared to its average volume of 3,147,019. Capital Group Dividend Value ETF has a fifty-two week low of $29.23 and a fifty-two week high of $37.17. The company’s fifty day moving average is $36.19 and its 200 day moving average is $35.47. The stock has a market capitalization of $7.96 billion, a PE ratio of 22.38 and a beta of 0.92.
Capital Group Dividend Value ETF Profile
The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks.
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